Dubai's new dream hotel has a nightmare opening week



DUBAI // The Atlantis hotel on Palm Jumeirah was swamped by visitors and plagued with complaints in its opening week, as staff turned away diners from packed restaurants and the taps ran dry in guest rooms. At one point much of the hotel was without water for more than seven hours when the resort's main water intake valve ruptured. Guests refused to check out of their rooms until they could shower and change, leaving hundreds of new arrivals stranded in the lobby.

"This is not a situation you want to be in when you are opening a resort of this size," said Alan Leibman, the resort's managing director. The water problem, like the fire that caused an estimated Dh128 million (US$34.8m) worth of damage to the hotel's lobby just weeks before it opened, was "just one of those things that happens", he said. The two problems were unrelated. "We have perhaps the finest development team in this country, and they are now looking at putting a second valve in there to prevent something like this happening again. You don't want this. It was unexpected and it shouldn't happen."

By opening over the Eid al Fitr holiday, the hotel was overwhelmed with visitors. There were significant delays on the approach to the resort, while day visitors were turned away from restaurants to give priority to hotel guests. However, Mr Leibman said, initial problems were being worked out and the huge number of people wanting to visit the Aquaventure water park, Lost Chambers aquarium and restaurants was a positive sign.

The aquarium had been expecting 350 daily outside guests - up to 500 on a busy day - and instead got more than 1,100. "With Aquaventure, one of the things that has caused some pretty significant delays to people getting in is that it is just so popular. People want to come and try it out," he said. "We've had two or three thousand calls coming into the resort every day to book restaurant reservations and find out about the hotel, and we are responding as quickly as possible to add more resources to make sure we can respond."

Some visitors complained that service throughout the hotel was slow and inefficient, but Mr Leibman said things were improving. "In a new resort this size there are going to be challenges," he said. "We have a lot of new employees who are fantastic and friendly and they are getting better every day as they take care of servicing the guests." The hotel has offered a free room to anyone whose stay in the first few days was disrupted, but that may not be enough to tempt back some of them.

Writing on the website Journeyetc, a reviewer said his stay was a "nightmare from start to finish" and that it would be his last visit to the hotel. "The staff are obviously very inexperienced at such a high profile location and most of them had no idea who to report to when identifying problems ? all in all a bad experience for me," he said. Meanwhile, one of the biggest attractions at the Lost Chambers aquarium is in for an extended stay. The four-metre juvenile whale shark was captured by staff from Atlantis off the coast of Dubai. Although it was reported that the shark would only be kept until it had recovered from an unspecified medical problem, Mr Leibman said there were no plans to release it.

"I'm not sure where that statement came from," he said. "We have probably the most talented marine science people in the industry monitoring it and making sure it is well." gmcclenaghan@thenational.ae

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
If you go

The flights

Etihad flies direct from Abu Dhabi to San Francisco from Dh5,760 return including taxes. 

The car

Etihad Guest members get a 10 per cent worldwide discount when booking with Hertz, as well as earning miles on their rentals. A week's car hire costs from Dh1,500 including taxes.

The hotels

Along the route, Motel 6 (www.motel6.com) offers good value and comfort, with rooms from $55 (Dh202) per night including taxes. In Portland, the Jupiter Hotel (https://jupiterhotel.com/) has rooms from $165 (Dh606) per night including taxes. The Society Hotel https://thesocietyhotel.com/ has rooms from $130 (Dh478) per night including taxes. 

More info

To keep up with constant developments in Portland, visit www.travelportland.com. Good guidebooks include the Lonely Planet guides to Northern California and Washington, Oregon & the Pacific Northwest. 

 

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Transmission: 8-speed auto

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Price: From Dh149,900

UAE currency: the story behind the money in your pockets
The specs

Engine: 6.2-litre V8

Transmission: seven-speed auto

Power: 420 bhp

Torque: 624Nm

Price: from Dh293,200

On sale: now

FIGHT CARD

Welterweight Mostafa Radi (PAL) v Tohir Zhuraev (TJK)

Catchweight 75kg Leandro Martins (BRA) v Anas Siraj Mounir (MAR)

Flyweight Corinne Laframboise (CAN) v Manon Fiorot (FRA)

Featherweight Ahmed Al Darmaki (UAE) v Bogdan Kirilenko (UZB)

Lightweight Izzedine Al Derabani (JOR) v Atabek Abdimitalipov (KYG)

Featherweight Yousef Al Housani (UAE) v Mohamed Arsharq Ali (SLA)

Catchweight 69kg Jung Han-gook (KOR) v Elias Boudegzdame (ALG)

Catchweight 71kg Usman Nurmagomedov (RUS) v Jerry Kvarnstrom (FIN)

Featherweight title Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)

Lightweight title Bruno Machado (BRA) v Mike Santiago (USA)

The biog

Hometown: Cairo

Age: 37

Favourite TV series: The Handmaid’s Tale, Black Mirror

Favourite anime series: Death Note, One Piece and Hellsing

Favourite book: Designing Brand Identity, Fifth Edition

Scoreline:

Everton 4

Richarlison 13'), Sigurdsson 28', ​​​​​​​Digne 56', Walcott 64'

Manchester United 0

Man of the match: Gylfi Sigurdsson (Everton)

MATCH INFO

Manchester United v Everton
Where:
Old Trafford, Manchester
When: Sunday, kick-off 7pm (UAE)
How to watch: Live on BeIN Sports 11HD

Why seagrass matters
  • Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
  • Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
  • Biodiversity: Support species like sea turtles, dugongs, and seabirds
  • Coastal protection: Reduce erosion and improve water quality
How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
The specs: 2019 Infiniti QX50

Price, base: Dh138,000 (estimate)
Engine: 2.0L, turbocharged, in-line four-cylinder
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UAE currency: the story behind the money in your pockets